EIA reported a build of 59 Bcf for the week ending 8/16/2019. This was smaller than the median estimate of 61 Bcf. Today’s stat fell within the expected range, which was 65 Bcf on the more bearish end, and 54 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.183, from $2.163 just before 9:30am.
Inventories for the US are now at a surplus of 369 Bcf to last year and a deficit of 103 Bcf to the five-year average.